Fitch rates Metro notes A

Fitch Ratings said it has assigned an expected rating of A(exp) to Empresa de Transporte de Pasajeros Metro SA's up to $500 million of senior unsecured notes due in 2024.

Proceeds from the note issuance will be used to fund capital expenditures and for general corporate purposes.

Fitch said it has also assigned the following ratings to Metro: local currency issuer default rating A and foreign currency issuer default rating A.

The outlook is stable.

Metro's ratings incorporate the support the company receives from the Chilean government through the financing of the majority of its capital expenditure plan, the agency said.

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